Author Archives: Paul Ausick

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IPO

Making a Snap Judgment in This Week’s IPO Market

After two weeks of silence from the initial public offering (IPO) market, expect some fireworks in the coming week. Snap Inc., the parent of social media phenomenon Snapchat, is set ...
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Saudi Arabia

Wood-Mackenzie Thinks Saudi Aramco Is Only Worth $400B, not $2T

When Saudi Arabia first floated the idea of taking a portion of its giant Saudi Aramco oil company public, the government figured the firm could sell about 5% of Aramco ...
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Pump Jacks Against at Dusk

Exxon Mobil Still Dow’s Biggest Loser in 2017

2017 has been a tough year for Exxon Mobil Corp. (NYSE: XOM). The stock has dropped 10.2% since the beginning of the year and the energy giant is one of ...
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Apple logo

Apple Reigns as Dow’s Best Performing Stock in 2017

Shares of Apple Inc. (NASDAQ: AAPL) posted a new 52-week high last Thursday and the stock gained about 1.3% to close the shortened week at $136.66. Apple stock has gained ...
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Marijuana, Joint, Bud, Pot, Nug

Marijuana News Roundup: The End of the War on Weed

Recent legalization of cannabis in more than half of U.S. states, Canada, Uruguay(!), and soon other nations marks "the beginning of the end of the futile war on weed," according ...
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Couple family looking to new modern big house, real estate

Buying vs Renting a Home: What the Math Says

There are plenty of arguments favoring both sides of the rent versus buy choice of how you are going to pay for shelter. Probably the main reason to buy a ...
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M-B X-class pickup 2017

Mercedes-Benz Considers Releasing Its New Midsize Pickup in the US

Nearly two years ago, Mercedes-Benz announced that it would add a midsize pickup truck to its product line, but that the truck was not intended for the U.S. market. The ...
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fracking

Oil Rig Count Rises by 5, Hedge Funds at Record Long Futures Positions

In the week ended February 24, 2017, the number of rigs drilling for oil in the United States totaled 602, up by five compared with the prior week and up from a ...
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cannabis plants

Marijuana Price Dips 2% to $1,618 a Pound

For the week ended Friday, February 24, 2017, the spot price index for a pound of cannabis decreased by 1.9% from $1,649 in the prior week to $1,618. According to ...
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Stock Price

J.C. Penney, Occidental Petroleum Tumble into Friday’s 52-Week Low Club

February 24, 2017: Here are four stocks trading with relatively heavy volume among 85 equities making new 52-week lows in Friday's session. On the NYSE, advancers and decliners traded evenly and ...
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market crash

Goldman Sachs, JPMorgan Drag DJIA Down Friday

February 24, 2017: Markets opened lower Friday probably as traders book profits from a long winning streak. There was little economic news Friday and no major earnings reports. The energy ...
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Concept photograph of cannabis leaf made of US dollar bills

The Cost of a Pot Crackdown: $28 Billion

In May of last year the non-partisan Tax Foundation released a report on the federal revenue impact of marijuana legalization and taxes. The report concluded that a "mature" marijuana industry ...
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iPhone 7 Plus

Apple’s Smartphone Lead Over Huawei Falls Below 5%

The global market for new smartphones in 2017 is forecast to reach 1.44 billion units, with the top six vendors accounting for more than 70% of the volume. Market leader ...
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jcpenney-logo-2015

JC Penney Posts Profit but Is the Company Disappearing Before Our Eyes?

J.C. Penney Co. Inc. (NYSE: JCP) used all-caps Friday morning to report positive net income for fiscal year 2016. The company also announced (again in all caps) that it will ...
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Marijuana, Legal copy

Trump Administration’s First Words on Marijuana: ‘Greater Enforcement’

Responding to a reporter's question at a Thursday press conference, White House press secretary Sean Spicer said he believes we will see "greater enforcement" of federal marijuana laws. This is ...
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